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Book Depot Inc. sells on terms of 3/20, net 45. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Book Depot Inc. sells on terms of 3/20, net 45. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
6th Edition
1599180219, 978-0139043437
